Stanley Black & Decker Inc. (SWK) Position Increased by Nisa Investment Advisors LLC
Nisa Investment Advisors LLC boosted its stake in shares of Stanley Black & Decker Inc. (NYSE:SWK) by 3.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,595 shares of the company’s stock after buying an additional 1,800 shares during the period. Nisa Investment Advisors LLC’s holdings in Stanley Black & Decker were worth $7,206,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in shares of Stanley Black & Decker during the second quarter valued at $15,096,000. British Airways Pensions Investment Management Ltd acquired a new stake in shares of Stanley Black & Decker during the second quarter valued at $25,594,000. UMB Bank N A MO acquired a new stake in shares of Stanley Black & Decker during the second quarter valued at $205,000. Boston Advisors LLC increased its stake in shares of Stanley Black & Decker by 4.3% in the second quarter. Boston Advisors LLC now owns 8,868 shares of the company’s stock valued at $986,000 after buying an additional 363 shares during the last quarter. Finally, Atalanta Sosnoff Capital LLC increased its stake in shares of Stanley Black & Decker by 171.7% in the third quarter. Atalanta Sosnoff Capital LLC now owns 180,828 shares of the company’s stock valued at $22,238,000 after buying an additional 114,285 shares during the last quarter. Institutional investors own 83.55% of the company’s stock.
Shares of Stanley Black & Decker Inc. (NYSE:SWK) traded down 0.64% during mid-day trading on Wednesday, reaching $118.59. 467,784 shares of the company were exchanged. The company’s 50-day moving average is $119.30 and its 200 day moving average is $118.43. Stanley Black & Decker Inc. has a 12 month low of $88.72 and a 12 month high of $126.72. The firm has a market capitalization of $17.87 billion, a price-to-earnings ratio of 18.03 and a beta of 1.13.
Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Thursday, October 27th. The company reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.06. Stanley Black & Decker had a net margin of 8.61% and a return on equity of 16.77%. The business had revenue of $2.90 billion for the quarter, compared to analysts’ expectations of $2.89 billion. During the same period in the previous year, the company posted $1.55 earnings per share. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. Analysts predict that Stanley Black & Decker Inc. will post $6.49 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 20th. Stockholders of record on Friday, December 2nd will be given a dividend of $0.58 per share. The ex-dividend date is Wednesday, November 30th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.93%. Stanley Black & Decker’s payout ratio is currently 35.31%.
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Several brokerages recently weighed in on SWK. Zacks Investment Research downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Friday, October 14th. Imperial Capital reissued an “in-line” rating and issued a $125.00 price objective on shares of Stanley Black & Decker in a research report on Tuesday, October 18th. Finally, Longbow Research downgraded shares of Stanley Black & Decker from a “buy” rating to a “neutral” rating in a research report on Monday, August 22nd. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $117.45.
In other news, insider James J. Cannon sold 4,495 shares of the business’s stock in a transaction on Friday, November 11th. The shares were sold at an average price of $125.70, for a total transaction of $565,021.50. Following the transaction, the insider now directly owns 30,239 shares of the company’s stock, valued at $3,801,042.30. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Craig A. Douglas sold 3,500 shares of the business’s stock in a transaction on Friday, November 11th. The stock was sold at an average price of $125.54, for a total transaction of $439,390.00. Following the transaction, the vice president now directly owns 19,496 shares in the company, valued at $2,447,527.84. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.
About Stanley Black & Decker
Stanley Black & Decker, Inc is a provider of hand tools, power tools and related accessories, mechanical access solutions (automatic doors and commercial locking systems), electronic security and monitoring systems, healthcare solutions, engineered fastening systems, and products and services for various industrial applications.
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